Karin Y. Orsel - May 16, 2022 Form 4 Insider Report for GENCO SHIPPING & TRADING LTD (GNK)

Role
Director
Signature
/s/ Karin Y. Orsel
Stock symbol
GNK
Transactions as of
May 16, 2022
Transactions value $
$0
Form type
4
Date filed
5/18/2022, 05:48 PM
Previous filing
Mar 18, 2022
Next filing
May 25, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GNK Restricted Stock Units Award $0 +4.56K $0.00 4.56K May 16, 2022 Common Stock 4.56K Direct F1, F3
holding GNK Restricted Stock Units 5.83K May 16, 2022 Common Stock 5.83K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each RSU represents the right to receive one share of the issuer's common stock, or in the sole discretion of the issuer's Compensation Committee, the value of a share of common stock on the date that the restricted stock unit vests.
F2 These RSUs vested on May 16, 2022.
F3 These restricted stock units generally vest on the earlier of (i) the date of the annual shareholders meeting of the issuer next following the date of the grant and (ii) the date that is fourteen months after the date of the grant.